The High Court of Karnataka on Monday directed the State government, as an interim arrangement, to pay JSW Energy Ltd., at a rate of ₹7.25 per KWh (Ex-Bus) instead of ₹4.86 per KWh (Ex-Bus) fixed by the State government on October 16, 2023, for supplying surplus power to the State grid from company’s Imported Coal Based Power Plant (ICBPP) in Karnataka.
A Division Bench comprising Chief Justice Prasanna B. Varale and Justice Krishna S. Dixit passed the order while disposing of an appeal filed by the company against the October 27 order of the single judge, who had asked the company to submit representation to the State government to pay electricity charges on a par with the Power Exchange Rate as existed on October 16, 2023.